News

The renewable energy sector in the Philippines has seen significant growth, with the Department of Energy (DOE) reporting a record high in installed capacity for 2024, exceeding the combined total of the past three years.

Sembcorp Industries announced on Jan. 31 that it has acquired 100% of the shares in Puente Al Sol for a total of SGD 105 million (about USD 77.6 million), marking its strategic entry into the highly competitive solar energy market in the Philippines.

Flood-mitigation infrastructure built in the southern Philippines for more than $100 million by clearing native vegetation could exacerbate flood risk in the future.

The government has ambitious plans for renewable energy but coal power is still on the rise.

This year’s record-breaking typhoon season in the Philippines – which saw six consecutive storm systems hit the country in under a month – was “supercharged” by climate change, according to a rapid attribution study.

Starting on Dec. 26, the Department of Energy (DOE) of the Philippines has announced that the Renewable Energy Certificate (REC) trading system will fully return to a market-driven mechanism.

The Philippines ranked among the top two most attractive emerging markets in Bloomberg New Energy Finance (BNEF) latest climate survey.

To boost the integration of renewable energy into the grid, More Power in the Philippines has been authorized to establish a one-stop service center in Iloilo City, located in the central region of the country.

The energy transition is driving demand for minerals in the Philippines, putting Indigenous peoples’ legal protections at risk.

As the country continues to court foreign investment in clean energy, experts and activists worry that ordinary Filipinos will not see the benefits.